Total transactions in Dubai’s real estate market reached AED 14.1 billion during the week, resulting from 4,672 procedures, according to data from the Dubai REST app of the emirate’s Land and Property Department.
Sales achieved about AED 10.4 billion, through 3,640 transactions, with the “Airport City” area topping the list of areas, in terms of sales volume, with a value of AED 1.58 billion, through 342 transactions, followed by “Dubai Maritime City” in second place with about AED 487 million, resulting from 23 transactions, followed by “Business Bay” in third place with AED 469 million, through 231 sales.
The real estate sector in the emirate achieved 2,805 sales of residential apartments, with “off-plan” units accounting for the largest share at 1,827, while ready units recorded 978 sales. Building/villas sales reached 417 sales, including 341 “off-plan” and 76 ready units. As for land sales, they amounted to 418 sales.
As for mortgages, they recorded AED 2.3 billion resulting from 862 procedures, the highest of which was in the “Hor Al Anz East” area at a value of AED 219 million resulting from two procedures, followed by “Bu Kadra” second with AED 159 million through two procedures, followed by “Al Karama” third with about AED 135.5 million through one mortgage.
Finally, donations reached AED 1.44 billion, achieved through 159 transactions, the highest of which was in Wadi Al Safa 3 with AED 494 million resulting from a single transaction, followed by Business Bay with AED 424.5 million, achieved through 41 transactions, and Palm Jumeirah with AED 110 million through a single transaction.
Daily transactions on Friday reached 2 billion dirhams through 793 procedures. Sales recorded 1.6 billion dirhams resulting from 655 transactions, then mortgages at around 194 million dirhams through 103 procedures, and finally donations worth 225 million dirhams through 35 transactions.